Introduction of TP/SL functions under Perpetual Contract

Deepcoin app now offers three TP/SL setting modes for USDT Perpetual Lite Contract, USDT Perpetual Pro Contract and Inverse Perpetual Contract. "TP/SL on Order", "Position TP/SL" and "Conditional TP/SL", the three modes are so flexible, users and investors have more choices to implement trading strategies. 

Catalog
1.Settings of "TP/SL on Order"
2.Settings of "TP/SL“ After Entry:
1)Position TP/SL
2)Conditional TP/SL
3."All/Selected TP/SL on Position"

1.Settings of "TP/SL on Order":

Deepcoin provides 5 kinds of order methods in perpetual contract, which are Market Order, Limit Order, Conditional Order, Post Only and IOC. All order methods support the TP/SL setting function on order.

Step1: Tick the box before [TP/SL] when submitting a new order.

Step2: Enter the trigger price for taking profit into the [TP Trigger...] and trigger price for stopping loss in the [SL Trigger...].

Step3: After the order has been executed, click on the open icon at the bottom right of the position to check the TP/SL details.

※ After execution, the condition for TP/SL is applied to the entire position. The entire position is closed at the market price when "Stop Loss" or "Take Profit" is triggered. Furthermore, the conditions can be cancelled or changed at any time before they are executed.

2.Settings of "TP/SL“ After Entry:

After openning positions, users can also set TP/SL when holding them. 

1)Position TP/SL

Step1: Tap the [TP/SL] button at the bottom left of the position.

Step2: Enter the trigger price and order price on the setting page of [TP/SL].

※ When setting TP/SL, the trigger price is market price only.

Step3: Enter the amount of position, or tap the percentage of position you want to trigger.

Step4: Tap [Confirm] and the TP/SL is set.

2)Partial TP/SL

Step1: Tap the [TP/SL] button at the bottom left of the position.

Step2: Enter the trigger price and order price on the setting page of [TP/SL].

Step3: Choose to trigger with market price or limit price. If you choose "Limit", please enter limit price.

Step4: Enter the amount of position, or tap the percentage of position you want to trigger TP/SL.

Step5: Tap [Confirm] and the TP/SL is set.

3."All/Selected TP/SL on Position"

When setting "Position TP/SL", users can tap [ALL] to choose trigger the whole or selected part of position. There is no limit in the number of setting partial TP/SL, but TP/SL for the whole posiition can be only set once.

TP/SL Notes 

If the amount of TP/SL exceeds the maximum single order quantity of the contract, the system will execute one order at the maximum quantity when triggered. The remaining portion will not be split into multiple orders. Please confirm the maximum single order quantity of the contract before setting TP/SL to ensure proper execution. 

You can visit the market page and find the contract introduction section to check the maximum single order quantity limit. 

Deepcoin Team